NIFTY TODAY
Today too nifty traded in tight range with positive bias and managed to close above crucial resistant 5275 levels. Nifty had good support around 5275 levels. Volume was good. Market breath was positive with 31 advance 19 declines. Still nifty fut was in discount. FII’s were net buyers for 355.55 crores. DII’s were net buyers for 217.61 crores.
NIFY THIS WEEK [26/04/10 – 30/04/10]
This week too nifty traded in tight range with negative bias. Volume was low, compared to previous week. FII’s had bought 680.22 crores and sold for 295.42 crores. They were net buyers for 384.80 crores. Past six weeks nifty had been trading in side ways and break out is expected at any moment. Nifty had good support around 5200 levels and resisted around 5340 levels. Comparing to previous week, nifty this week formed a higher high and higher low. Let’s see what happens next week.
NIFTY NEXT WEEK [03/04/10 – 07/04/10]
In nifty daily price chart I observed a head and shoulder pattern with rising wedge; its neckline was around 5205 levels. If I am correct we may see 150 points correction from this level i.e. 5100 levels. However it may retrace by next week itself.
FII’s still remain buyers is positive for the market. To my knowledge crucial support level to be watched for next week would be 5225 levels below this nifty may weaken. Crucial resistant would be 5275 levels. For next week I expect a wide range trade on either side. Let’s see how it pans out.
NIFTY TRADING RANGE
FOR UPMOVE 5275 – 5383
FOR DOWM MOVE 5275 – 5100
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Friday, April 30, 2010
Thursday, April 29, 2010
NIFTY TODAY
Nifty traded in a tight range with positive bias. Volume was good. FII’
s had bought for 90.44 crores. DII’s bought for 266.76 crores. Market breath was positive with 29 advances and 21 declines. Nifty closed just below the crucial resistant level 5255. Today nifty struggled to around 5245 levels.
NIFTY TOMORROW
As volume was increased comparing to yesterday we may expect nifty to remain in positive region. However fut nifty is in discount which should not be overlooked. For tomorrow trade 5245 levels should be watched carefully. Below 5225 level nifty may weaken and 5203 levels should not be broken for an up move. As tomorrow is the last trade of the week lets see how trade pans out.
NIFTY TIPS
BUY NIFTY 5255 T1 – 5275, T2- 5303, T3 – 5327 STOPLOSS – 5240
SELL BELOW 5225 T1 – 5200, T2 – 5177, T3 – 5158 STOPLOSS – 5240
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Nifty traded in a tight range with positive bias. Volume was good. FII’
s had bought for 90.44 crores. DII’s bought for 266.76 crores. Market breath was positive with 29 advances and 21 declines. Nifty closed just below the crucial resistant level 5255. Today nifty struggled to around 5245 levels.
NIFTY TOMORROW
As volume was increased comparing to yesterday we may expect nifty to remain in positive region. However fut nifty is in discount which should not be overlooked. For tomorrow trade 5245 levels should be watched carefully. Below 5225 level nifty may weaken and 5203 levels should not be broken for an up move. As tomorrow is the last trade of the week lets see how trade pans out.
NIFTY TIPS
BUY NIFTY 5255 T1 – 5275, T2- 5303, T3 – 5327 STOPLOSS – 5240
SELL BELOW 5225 T1 – 5200, T2 – 5177, T3 – 5158 STOPLOSS – 5240
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Wednesday, April 28, 2010
NIFTY TODAY
Today nifty traded in wide range with negative bias and covered entire profit that it had made in the past 5 trading sessions. Volume was good. FII’s were net sellers for 131.13 crores. DII’s were net buyers for 324.1 crores. Market breath was negative with 10 advances and 40 declines. Up to 1.30 pm nifty traded in side ways and nicely corrected. Technically nifty was below 20 EMA.
NIFTY TOMORROW
From April 20 – April 26 nifty had moved up from 5208 – 5322 with gain of 114 points. April 27 and April 28 it came down from 5322 – 5215 losing 107 points. To my knowledge I observe a head shoulder pattern in the nifty price chart and its neckline around 5205 levels. This 5205 level would be crucial level to be watched for tomorrow trade. Would nifty broke this level and trades below this level, we may see huge selling pressure and wide range trade as we saw today, else we may see a pull back rally up to 5275levels. As tomorrow is expiry day and today volume increased with price decline, trading with stop loss and booking profits now and then is advised. Let’s see what happens.
NIFTY TIPS
BUY ABOVE 5225 T1 – 5255, T2 – 5275, T3 – 5303 STOPLOSS – 5213
SELL BELOW 5203 T1 – 5177, T2 – 5158, T3 – 5132, STOPLOS – 5215
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Today nifty traded in wide range with negative bias and covered entire profit that it had made in the past 5 trading sessions. Volume was good. FII’s were net sellers for 131.13 crores. DII’s were net buyers for 324.1 crores. Market breath was negative with 10 advances and 40 declines. Up to 1.30 pm nifty traded in side ways and nicely corrected. Technically nifty was below 20 EMA.
NIFTY TOMORROW
From April 20 – April 26 nifty had moved up from 5208 – 5322 with gain of 114 points. April 27 and April 28 it came down from 5322 – 5215 losing 107 points. To my knowledge I observe a head shoulder pattern in the nifty price chart and its neckline around 5205 levels. This 5205 level would be crucial level to be watched for tomorrow trade. Would nifty broke this level and trades below this level, we may see huge selling pressure and wide range trade as we saw today, else we may see a pull back rally up to 5275levels. As tomorrow is expiry day and today volume increased with price decline, trading with stop loss and booking profits now and then is advised. Let’s see what happens.
NIFTY TIPS
BUY ABOVE 5225 T1 – 5255, T2 – 5275, T3 – 5303 STOPLOSS – 5213
SELL BELOW 5203 T1 – 5177, T2 – 5158, T3 – 5132, STOPLOS – 5215
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Tuesday, April 27, 2010
NIFTY TODAY
Today nifty traded in a tight range with negative bias. Nifty resisted strongly around 5330 levels and took support around 5300 levels. Volume was rather good. FII’s were net sellers for 164.29 crores. DII’s were net buyers for 1.09 crores. Market breath was negative with 20 advances and 30declines. Technically an indecisive pattern had formed.
NIFTY TOMORROW
As FII’s turned sellers and expiry approaches, we should be very careful at higher levels. For past two trading session nifty had tested 5300 levels. This should not be overlooked! 5275 is significant level to be watched for tomorrow trade. Below this nifty may weaken. Let’s see what happens.
NIFTY TIPS
BUY ABOVE 5335 T1 – 5355, T2 – 5383, T3 – 5427 STOPLOSS – 5323
SELL BELOW 5320 T1 – 5290, T2 – 5265, T3 – 5240 STOPLOSS – 5327
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Today nifty traded in a tight range with negative bias. Nifty resisted strongly around 5330 levels and took support around 5300 levels. Volume was rather good. FII’s were net sellers for 164.29 crores. DII’s were net buyers for 1.09 crores. Market breath was negative with 20 advances and 30declines. Technically an indecisive pattern had formed.
NIFTY TOMORROW
As FII’s turned sellers and expiry approaches, we should be very careful at higher levels. For past two trading session nifty had tested 5300 levels. This should not be overlooked! 5275 is significant level to be watched for tomorrow trade. Below this nifty may weaken. Let’s see what happens.
NIFTY TIPS
BUY ABOVE 5335 T1 – 5355, T2 – 5383, T3 – 5427 STOPLOSS – 5323
SELL BELOW 5320 T1 – 5290, T2 – 5265, T3 – 5240 STOPLOSS – 5327
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Monday, April 26, 2010
NIFTY TODAY
Today nifty traded in a tight range with positive bias. It took good support around 5315 levels and strongly resisted around 5335 levels. Volume was very low!
FII’s were net buyers for 234.23 crores. DII’s were net sellers for 73.69 crores. Market breath was positive with 29 advances and 20 declines.
NIFTY TOMORROW
For the past for three trading sessions, price was rising and volume was decline. This should not be overlooked. So we should be careful at higher levels. Unless nifty surpasses 5383 levels we may not see an up move. For tomorrow trade 5335 levels should be watched carefully.
Let’s see what happens tomorrow.
NIFTY TIPS
BUY ABOVE 5335 T1 – 5355, T2 – 5383, T3 – 5427 STOPLOSS – 5325
SELL BELOW 5315 T1 – 5290, T2 – 5265, T3 – 5240 STOPLOSS – 5327
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Today nifty traded in a tight range with positive bias. It took good support around 5315 levels and strongly resisted around 5335 levels. Volume was very low!
FII’s were net buyers for 234.23 crores. DII’s were net sellers for 73.69 crores. Market breath was positive with 29 advances and 20 declines.
NIFTY TOMORROW
For the past for three trading sessions, price was rising and volume was decline. This should not be overlooked. So we should be careful at higher levels. Unless nifty surpasses 5383 levels we may not see an up move. For tomorrow trade 5335 levels should be watched carefully.
Let’s see what happens tomorrow.
NIFTY TIPS
BUY ABOVE 5335 T1 – 5355, T2 – 5383, T3 – 5427 STOPLOSS – 5325
SELL BELOW 5315 T1 – 5290, T2 – 5265, T3 – 5240 STOPLOSS – 5327
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Sunday, April 25, 2010
NIFTY FRIDAY
Nifty closed above 5300 levels. Market breath was negative with 23 advances and 26 declines. Volume was low compared to previous trading session. FII’s were net buyers for 339.3 crores. DII’s were net buyers for 29.09 crores.
NIFTY THIS WEEK [19/04/10 – 23/04/10]
This week nifty traded in a tight range and managed to stay above the 50 EMA & 20 EMA. It had also able to surpass the significant level 5275. FII’s sold for 900-odd crores and bought for 940-odd crores. This week volume was good comparing to previous week. Nifty had retraced nearly 50% from the level what it had lost over 5 trading session. It had good support around 5200 levels and strongly resisted around 5330 levels. This week expected results and decisions had beaten the street expectations which are positive for markets. Let’s see what happens next week.
NIFTY NEXT WEEK [26/04/10 – 30/04/10]
Only, would nifty able to sustain above 5383 levels we may see further up move. For next week 5327 and 5275 levels would be a crucial level to be watched and 5383 levels would be a hard resistant to surpass. To my knowledge, as we had seen most awaited results and which had turned to be positive for the market, this week we may see a mild upward rally. In my sense I feel still FII’s buying spirit is intact. Until FII’s turn huge sellers, our worry about downtrend is needless. To my understanding what ever we had seen for the last two weeks may be a pull back rally in an uptrend and I hope the trend would continue. Let’s see what happens next week.
NIFTY TRADING RANGE
FOR UPMOVE 5330 - 5620
FOR DOWN MOVE 5300 – 5100
NIFTY LEVELS FOR MONDAY [26/04/10]
Nevertheless the up move, for past two trading session the market breath was negative; this should not be overlooked. In my perspective we may see a tight trading range on Monday with positive bias. 5327 and 5275 level would be crucial levels for nifty.
NIFTY TIPS
BUY ABOVE 5330 T1 – 5355, T2 – 5383, T3 – 5427 STOPLOSS – 5310
SELL BELOW 5305 T1 – 5280, T2 – 5255 T3 – 5221 STOPLOSS – 5320
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Nifty closed above 5300 levels. Market breath was negative with 23 advances and 26 declines. Volume was low compared to previous trading session. FII’s were net buyers for 339.3 crores. DII’s were net buyers for 29.09 crores.
NIFTY THIS WEEK [19/04/10 – 23/04/10]
This week nifty traded in a tight range and managed to stay above the 50 EMA & 20 EMA. It had also able to surpass the significant level 5275. FII’s sold for 900-odd crores and bought for 940-odd crores. This week volume was good comparing to previous week. Nifty had retraced nearly 50% from the level what it had lost over 5 trading session. It had good support around 5200 levels and strongly resisted around 5330 levels. This week expected results and decisions had beaten the street expectations which are positive for markets. Let’s see what happens next week.
NIFTY NEXT WEEK [26/04/10 – 30/04/10]
Only, would nifty able to sustain above 5383 levels we may see further up move. For next week 5327 and 5275 levels would be a crucial level to be watched and 5383 levels would be a hard resistant to surpass. To my knowledge, as we had seen most awaited results and which had turned to be positive for the market, this week we may see a mild upward rally. In my sense I feel still FII’s buying spirit is intact. Until FII’s turn huge sellers, our worry about downtrend is needless. To my understanding what ever we had seen for the last two weeks may be a pull back rally in an uptrend and I hope the trend would continue. Let’s see what happens next week.
NIFTY TRADING RANGE
FOR UPMOVE 5330 - 5620
FOR DOWN MOVE 5300 – 5100
NIFTY LEVELS FOR MONDAY [26/04/10]
Nevertheless the up move, for past two trading session the market breath was negative; this should not be overlooked. In my perspective we may see a tight trading range on Monday with positive bias. 5327 and 5275 level would be crucial levels for nifty.
NIFTY TIPS
BUY ABOVE 5330 T1 – 5355, T2 – 5383, T3 – 5427 STOPLOSS – 5310
SELL BELOW 5305 T1 – 5280, T2 – 5255 T3 – 5221 STOPLOSS – 5320
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Thursday, April 22, 2010
NIFTY TODAY
Today nifty traded in a wide range and closed in a narrow range with positive bias. Volume was very good. Today nifty surpassed the crucial 5275 levels but could not able to sustain above this however managed to close above 5255 levels. FII’s were net buyers for 518.3 crores. DII’s too were net buyers for 181.86 crore. Market breath was negative with 21 advances and 29 declines! This should not be overlooked. Today nifty had a good support around 5230 levels. Today market surprised the traders with a good up move however could not able to keep it up!
NIFTY TOMORROW
For tomorrow trade too 5230 levels should be watched carefully as the market breath was negative and the market behaved today was not promising. 5255 and 5275 levels should have to be surpassed to see strong up move. Let’s see what happens tomorrow.
NIFTY TIPS
BUY ABOVE 5255 T1 – 5275, T2 – 5303, T3 – 5327 STOPLOSS – 5240
SELL BELOW 5230 T1 – 5200 T2 – 5180, T 3 – 5160 STOPLOSS – 5245
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Today nifty traded in a wide range and closed in a narrow range with positive bias. Volume was very good. Today nifty surpassed the crucial 5275 levels but could not able to sustain above this however managed to close above 5255 levels. FII’s were net buyers for 518.3 crores. DII’s too were net buyers for 181.86 crore. Market breath was negative with 21 advances and 29 declines! This should not be overlooked. Today nifty had a good support around 5230 levels. Today market surprised the traders with a good up move however could not able to keep it up!
NIFTY TOMORROW
For tomorrow trade too 5230 levels should be watched carefully as the market breath was negative and the market behaved today was not promising. 5255 and 5275 levels should have to be surpassed to see strong up move. Let’s see what happens tomorrow.
NIFTY TIPS
BUY ABOVE 5255 T1 – 5275, T2 – 5303, T3 – 5327 STOPLOSS – 5240
SELL BELOW 5230 T1 – 5200 T2 – 5180, T 3 – 5160 STOPLOSS – 5245
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Wednesday, April 21, 2010
NIFTY TODAY
Today too nifty traded in a tight range with positive bias. Volume was rather good. Market breath was positive with 30 advances and 19 declines and 1 unchanged. Today nifty strongly resisted around 5250 and 5265 levels and had good support around 5230 levels. In the first two hours trade a double top had formed in the price chart. For the past two intraday trading sessions 5230 level acted as gravity. FII’s today bought for 82.96 crores and DII’s had bought for 25.25 crores.
NIFTY TOMORROW
For tomorrow trade 5230 levels would be significant level to watch. Only above 5275levels we may expect an up move. As tomorrow inflation comes out we should watch and trade with levels. Below 5200 levels nifty may turn weak! Let’s see what happens tomorrow.
NIFTY TIPS
BUY ABOVE 5230 T1- 5255, T2 – 5275 T3 – 5303 STOPLOSS – 5215
SELL BELOW 5206 T1 – 5180, T2 – 5160, T3 – 5126, STOP LOSS – 5217
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Today too nifty traded in a tight range with positive bias. Volume was rather good. Market breath was positive with 30 advances and 19 declines and 1 unchanged. Today nifty strongly resisted around 5250 and 5265 levels and had good support around 5230 levels. In the first two hours trade a double top had formed in the price chart. For the past two intraday trading sessions 5230 level acted as gravity. FII’s today bought for 82.96 crores and DII’s had bought for 25.25 crores.
NIFTY TOMORROW
For tomorrow trade 5230 levels would be significant level to watch. Only above 5275levels we may expect an up move. As tomorrow inflation comes out we should watch and trade with levels. Below 5200 levels nifty may turn weak! Let’s see what happens tomorrow.
NIFTY TIPS
BUY ABOVE 5230 T1- 5255, T2 – 5275 T3 – 5303 STOPLOSS – 5215
SELL BELOW 5206 T1 – 5180, T2 – 5160, T3 – 5126, STOP LOSS – 5217
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Tuesday, April 20, 2010
NIFTY TODAY
Today market traded in tight range with positive bias. Nifty had good support around 5200 levels and resisted around 5255 levels. In addition, it managed to close above the today’s resistant 5220 levels. Volume was good comparing to yesterdays volume. Market breath was positive with 35 advances and 15 declines. FII’s were net sellers for second day. They sold 156.65 crores. DII’s were net buyers for 101.28 crore.
NIFTY TOMORROW
Again we should be cautious at higher levels until nifty crosses 5275 levels with good volume. 5160 levels should be watched carefully for tomorrow trade, because, crucial support exits at this levels. FII’s selling bothers me! Tomorrow I expect some action in the market on either side. Let’s see what happens tomorrow.
NIFTY TIPS
BUY ABOVE 5230 T1 – 5255, T2 – 5275, T3 – 5303 STOPLOSS – 5203
SELL BELOW 5203 T1 – 5180, T2 – 5160, T3 – 5126 STOPLOSS – 5220
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Today market traded in tight range with positive bias. Nifty had good support around 5200 levels and resisted around 5255 levels. In addition, it managed to close above the today’s resistant 5220 levels. Volume was good comparing to yesterdays volume. Market breath was positive with 35 advances and 15 declines. FII’s were net sellers for second day. They sold 156.65 crores. DII’s were net buyers for 101.28 crore.
NIFTY TOMORROW
Again we should be cautious at higher levels until nifty crosses 5275 levels with good volume. 5160 levels should be watched carefully for tomorrow trade, because, crucial support exits at this levels. FII’s selling bothers me! Tomorrow I expect some action in the market on either side. Let’s see what happens tomorrow.
NIFTY TIPS
BUY ABOVE 5230 T1 – 5255, T2 – 5275, T3 – 5303 STOPLOSS – 5203
SELL BELOW 5203 T1 – 5180, T2 – 5160, T3 – 5126 STOPLOSS – 5220
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Monday, April 19, 2010
NIFTY TODAY
Today nifty slide to the 5100 – 5200 range! It traded below 5200 level for nearly 4 hours and managed to close around 5203 level. Around 5160 levels it had found a good support and resisted around 5220 levels. Volume was very thin! After 32 trading sessions, FII’s turned net sellers today. FII’s sold for 755.51 crores! DII’s were net buyers for 569.64 crores. In past a few trading sessions FII’s buying had come down significantly! Technically a weak pattern had formed in the price chart. Market breath was negative with 9 advances and 41 declines.
NIFTY TOMORROW
As FII’s turned net sellers we should be cautious at every rise. Unless nifty able to sustain above the 5275 levels we cannot see up move further. Would nifty trades below 5205 levels and breaks 5160 levels, to my knowledge; we may see another round of selling. Below 5100 levels we may see a deep correction!
NIFTY TIPS
NIFTY LEVELS
BUY ABOVE 5220 T1 – 5255 T2 – 5275 STOPLOSS – 5205
SELL BELOW 5190 T1 – 5160 T2 – 5126 STOPLOSS – 5205
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Today nifty slide to the 5100 – 5200 range! It traded below 5200 level for nearly 4 hours and managed to close around 5203 level. Around 5160 levels it had found a good support and resisted around 5220 levels. Volume was very thin! After 32 trading sessions, FII’s turned net sellers today. FII’s sold for 755.51 crores! DII’s were net buyers for 569.64 crores. In past a few trading sessions FII’s buying had come down significantly! Technically a weak pattern had formed in the price chart. Market breath was negative with 9 advances and 41 declines.
NIFTY TOMORROW
As FII’s turned net sellers we should be cautious at every rise. Unless nifty able to sustain above the 5275 levels we cannot see up move further. Would nifty trades below 5205 levels and breaks 5160 levels, to my knowledge; we may see another round of selling. Below 5100 levels we may see a deep correction!
NIFTY TIPS
NIFTY LEVELS
BUY ABOVE 5220 T1 – 5255 T2 – 5275 STOPLOSS – 5205
SELL BELOW 5190 T1 – 5160 T2 – 5126 STOPLOSS – 5205
Thanks for visiting!
Saturday, April 17, 2010
NIFTY NEXT WEEK [19/04/10 – 23/04/10]
Still FII’s remain net buyers is the positive news for the market. Until they turn net sellers we may not see any big downside move I feel so. For next week 5275 levels would be the gateway for both the upside or downside direction. Would nifty able to sustain above this levels then we can say that the bulls are intact.
Technically in the price chart an indecisive pattern had formed. So in my observation, we need some more confirmation to arrive at conclusion on nifty direction. In my sense we may see again a tight range trade with positive bias next week. To my knowledge there is no negative news from the domestic side. Again 5275 levels would be the important level to watch out for. Let us see market pans out next week.
NIFTY TRADING RANGE
For up move 5275 – 5427
For down move 5275 – 5140
NIFTY TIPS
LEVELS FOR MONDAY
BUY ABOVE 5285 T1 – 5303, T2 – 5327 STOPLOSS – 5272
SELL BELOW 5275 T1 – 5255, T2 – 5235 STOPLOSS – 5285
Thanks for visiting!
Still FII’s remain net buyers is the positive news for the market. Until they turn net sellers we may not see any big downside move I feel so. For next week 5275 levels would be the gateway for both the upside or downside direction. Would nifty able to sustain above this levels then we can say that the bulls are intact.
Technically in the price chart an indecisive pattern had formed. So in my observation, we need some more confirmation to arrive at conclusion on nifty direction. In my sense we may see again a tight range trade with positive bias next week. To my knowledge there is no negative news from the domestic side. Again 5275 levels would be the important level to watch out for. Let us see market pans out next week.
NIFTY TRADING RANGE
For up move 5275 – 5427
For down move 5275 – 5140
NIFTY TIPS
LEVELS FOR MONDAY
BUY ABOVE 5285 T1 – 5303, T2 – 5327 STOPLOSS – 5272
SELL BELOW 5275 T1 – 5255, T2 – 5235 STOPLOSS – 5285
Thanks for visiting!
Friday, April 16, 2010
NIFTY THIS WEEK [12/04/10 – 16/04/10]
This week nifty had not able to sustain above the 5300 levels. Nevertheless good corporate results, market had a down closing through out the week. This reflects that players had been waiting to book profits. However, FII’s remained net buyers through out the week. On April 1 nifty had broke the neckline level 5275 and closed above this level and could not able to sustain above this level for 8 trading sessions. Yester day nifty closed below this level. This 5275 level had acted as a powerful resistant from January 6th.
Technically in the price chart an indecisive pattern had formed.
To my understanding, as FII’s were net buyers for this week, we may consider this week as a profit booking week rather than as an outset of downtrend.
Thanks for visiting!
This week nifty had not able to sustain above the 5300 levels. Nevertheless good corporate results, market had a down closing through out the week. This reflects that players had been waiting to book profits. However, FII’s remained net buyers through out the week. On April 1 nifty had broke the neckline level 5275 and closed above this level and could not able to sustain above this level for 8 trading sessions. Yester day nifty closed below this level. This 5275 level had acted as a powerful resistant from January 6th.
Technically in the price chart an indecisive pattern had formed.
To my understanding, as FII’s were net buyers for this week, we may consider this week as a profit booking week rather than as an outset of downtrend.
Thanks for visiting!
NIFTY TODAY
Today nifty traded in a tight range with negative bias. It resisted strongly around 5275 levels for three times and finally closed just above the crucial support level 5245. Volume was thin. Market breath was negative. Change in open interest had decreased. FII’s were net buyers for 243.3 crores! DII’s were net sellers for 188.91 crores. Today nifty traded in the 5200 – 5100 range for all long day. Technically it was below 20 EMA.
Thanks for visiting!
Today nifty traded in a tight range with negative bias. It resisted strongly around 5275 levels for three times and finally closed just above the crucial support level 5245. Volume was thin. Market breath was negative. Change in open interest had decreased. FII’s were net buyers for 243.3 crores! DII’s were net sellers for 188.91 crores. Today nifty traded in the 5200 – 5100 range for all long day. Technically it was below 20 EMA.
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Thursday, April 15, 2010
YESTERDAY CALL
Yesterday given calls came down below the level were I asked to initiate selling, but not achieved targets!
NIFTY TODAY
Today had a gap up opening and faded today itself. Nifty broke the good support 5301 and also closed below this level. For past 7 trading session nifty had managed to trade above 5301 levels. Volume was good. FII’s were still buyers. They had bought 99.7 crores. DII’s were net sellers for 76.87 crores. Market breath was negative with 17 advances and 33 declines. Today 5327 levels had acted as a good support but could not withstand more than one hour.
NIFTY TOMORROW
As FII’s were still remained net buyers I could not advocate selling in nifty. In addition tomorrow is the last trading day for this week, we have to wait and watch how market behaves. For tomorrow’s trade 5274 levels should watch carefully. In my sense this level would be like a gate way for further upside or downside move going forward. Let’s see what happens tomorrow.
NIFTY TIPS
BUY ABOVE 5301 T1 – 5327, T2 - 5355 STOP LOSS – 5288
SELL BELOW 5284 T1 – 5268, T2 – 5245 STOP LOSS – 5301
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Yesterday given calls came down below the level were I asked to initiate selling, but not achieved targets!
NIFTY TODAY
Today had a gap up opening and faded today itself. Nifty broke the good support 5301 and also closed below this level. For past 7 trading session nifty had managed to trade above 5301 levels. Volume was good. FII’s were still buyers. They had bought 99.7 crores. DII’s were net sellers for 76.87 crores. Market breath was negative with 17 advances and 33 declines. Today 5327 levels had acted as a good support but could not withstand more than one hour.
NIFTY TOMORROW
As FII’s were still remained net buyers I could not advocate selling in nifty. In addition tomorrow is the last trading day for this week, we have to wait and watch how market behaves. For tomorrow’s trade 5274 levels should watch carefully. In my sense this level would be like a gate way for further upside or downside move going forward. Let’s see what happens tomorrow.
NIFTY TIPS
BUY ABOVE 5301 T1 – 5327, T2 - 5355 STOP LOSS – 5288
SELL BELOW 5284 T1 – 5268, T2 – 5245 STOP LOSS – 5301
Thanks for visiting!
Tuesday, April 13, 2010
NIFTY TOMORROW
For tomorrow’s trade 5301 levels should be watched carefully. FII’s buying increased and DII’s turned buyers are good news for tomorrow. The 5355 and 5383 levels are very significant levels for an upside move. In my perspective 5327 levels would be the crucial level for tomorrow trade. Let’s see how tomorrow trade pans out.
NIFTY TIPS
BUY ABOVE 5327 T1- 5355, T2 – 5383, T3 – 5427 STOPLOSS – 5314
SELL BELOW 5303 T1 – 5268 T2 – 5220, STOPLOSS – 5314.
FREE TIPS FOR TOMORROW [ 15/04/10 ]
VALECHAENG
Technically I still expect this stock to correct. To my knowledge we can sell this stock below 200 with strict stop loss 203 for a target of 175.
SELL BELOW 200 T1 – 175 and more STOPLOSS – 203.
PFOCUS
Technically we can sell this stock below 325 with strict stop loss 330 for a target 308 and below.
SELL BELOW 325 T1 – 308 STOPLOSS – 330
AEGISCHEM
Technically we can sell this stock below 295 with strict stop loss 300 for a target 277.
SELL BELOW 295 T1 – 277, STOPLOSS – 300.
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For tomorrow’s trade 5301 levels should be watched carefully. FII’s buying increased and DII’s turned buyers are good news for tomorrow. The 5355 and 5383 levels are very significant levels for an upside move. In my perspective 5327 levels would be the crucial level for tomorrow trade. Let’s see how tomorrow trade pans out.
NIFTY TIPS
BUY ABOVE 5327 T1- 5355, T2 – 5383, T3 – 5427 STOPLOSS – 5314
SELL BELOW 5303 T1 – 5268 T2 – 5220, STOPLOSS – 5314.
FREE TIPS FOR TOMORROW [ 15/04/10 ]
VALECHAENG
Technically I still expect this stock to correct. To my knowledge we can sell this stock below 200 with strict stop loss 203 for a target of 175.
SELL BELOW 200 T1 – 175 and more STOPLOSS – 203.
PFOCUS
Technically we can sell this stock below 325 with strict stop loss 330 for a target 308 and below.
SELL BELOW 325 T1 – 308 STOPLOSS – 330
AEGISCHEM
Technically we can sell this stock below 295 with strict stop loss 300 for a target 277.
SELL BELOW 295 T1 – 277, STOPLOSS – 300.
Thanks for visiting!
YESTERDAY CALL
VALECHAENG
This scrip hit the stop loss. Missed.
NIFTY TODAY
Today nifty traded in a tight range with negative bias. Volume was low. Nifty had a good support around 5301 levels and resisted around 5355 levels. It managed to close just below the crucial 5327 levels. FII’s were net buyers for 128.52 crores. DII’s too were net buyers for 252.87 crores. Market breath was negative.
NIFTY TOMORROW
For tomorrow’s trade 5301 levels should be watched carefully. FII’s buying increased and DII’s turned buyers are good news for tomorrow. The 5355 and 5383 levels are very significant levels for an upside move. In my perspective 5327 levels would be the crucial level for tomorrow trade. Let’s see how tomorrow trade pans out.
NIFTY TIPS
BUY ABOVE 5327 T1- 5355, T2 – 5383, T3 – 5427 STOPLOSS – 5314
SELL BELOW 5303 T1 – 5268 T2 – 5220, STOPLOSS – 5314.
FREE TIPS
VALECHAENG
Technically I still expect this stock to correct. To my knowledge we can sell this stock below 200 with strict stop loss 203 for a target of 175.
SELL BELOW 200 T1 – 175 and more STOPLOSS – 203.
Thanks for visiting!
VALECHAENG
This scrip hit the stop loss. Missed.
NIFTY TODAY
Today nifty traded in a tight range with negative bias. Volume was low. Nifty had a good support around 5301 levels and resisted around 5355 levels. It managed to close just below the crucial 5327 levels. FII’s were net buyers for 128.52 crores. DII’s too were net buyers for 252.87 crores. Market breath was negative.
NIFTY TOMORROW
For tomorrow’s trade 5301 levels should be watched carefully. FII’s buying increased and DII’s turned buyers are good news for tomorrow. The 5355 and 5383 levels are very significant levels for an upside move. In my perspective 5327 levels would be the crucial level for tomorrow trade. Let’s see how tomorrow trade pans out.
NIFTY TIPS
BUY ABOVE 5327 T1- 5355, T2 – 5383, T3 – 5427 STOPLOSS – 5314
SELL BELOW 5303 T1 – 5268 T2 – 5220, STOPLOSS – 5314.
FREE TIPS
VALECHAENG
Technically I still expect this stock to correct. To my knowledge we can sell this stock below 200 with strict stop loss 203 for a target of 175.
SELL BELOW 200 T1 – 175 and more STOPLOSS – 203.
Thanks for visiting!
Monday, April 12, 2010
NIFTY TODAY
Today nifty traded in a tight range and closed below the open level. For past 6 trading session nifty finds hard to surpass the 5383 levels. Today nifty had taken good support around 5327 levels and around 5355 levels there was a strong resistance. Volume was very low. FII’s buying had significantly came down. They were net buyers for only 14.41 crores! This should not be overlooked! DII’s were net sellers for 192.64 crores.
NIFTY TOMORROW
For tomorrow’s trade, infosys results should be considered. As FII’s buying had reduced considerably, 5355 and 5375 levels should be watched carefully for any long positions. 5340 would be significant level for tomorrow trade. Would nifty stay below 5340 or could not able to stay above this level wait and watch for the direction and then trade. Major support lays around 5301 levels. Let’s see what happens tomorrow.
NIFTY TIPS
BUY ABOVE 5355 T1 – 5383, T2 – 5427 STOPLOSS – 5336
SELL BELOW 5327 T1- 5290 T2 – 5268 STOPLOSS - 5340
FREE TIPS
VALECHAENG
Technically in the price chart a weak pattern had formed. We can sell this stock below 184 with strict stop loss 188 for a target of 175 and more.
SELL BELOW 184 T1 – 175 STRICT STOPLOSS – 188.
Thanks for visiting!
Today nifty traded in a tight range and closed below the open level. For past 6 trading session nifty finds hard to surpass the 5383 levels. Today nifty had taken good support around 5327 levels and around 5355 levels there was a strong resistance. Volume was very low. FII’s buying had significantly came down. They were net buyers for only 14.41 crores! This should not be overlooked! DII’s were net sellers for 192.64 crores.
NIFTY TOMORROW
For tomorrow’s trade, infosys results should be considered. As FII’s buying had reduced considerably, 5355 and 5375 levels should be watched carefully for any long positions. 5340 would be significant level for tomorrow trade. Would nifty stay below 5340 or could not able to stay above this level wait and watch for the direction and then trade. Major support lays around 5301 levels. Let’s see what happens tomorrow.
NIFTY TIPS
BUY ABOVE 5355 T1 – 5383, T2 – 5427 STOPLOSS – 5336
SELL BELOW 5327 T1- 5290 T2 – 5268 STOPLOSS - 5340
FREE TIPS
VALECHAENG
Technically in the price chart a weak pattern had formed. We can sell this stock below 184 with strict stop loss 188 for a target of 175 and more.
SELL BELOW 184 T1 – 175 STRICT STOPLOSS – 188.
Thanks for visiting!
Saturday, April 10, 2010
NIFTY NEXT WEEK [12/04/10- 16/04/10]
For past nine weeks, nifty had elevated from one level to another level consistently. Previous week nifty marked a new year high coupled with an upside breakout. To my knowledge, two important news falls on next week. One is monetary policy and another is infosys quarterly results. This news and more would lead the market next week. As nifty had an upside breakout, FII’s had been buying continuously and would there be no negative news, then we may see nifty marking new highs.
Technically in the price chart a bullish pattern had formed and stays above 20 and 50 EMA. The crucial levels to be watched for next week trades are 5355, 5383 for up move and 5301, 5288 for down move. To my knowledge, next week, 5383 would be the significant level for nifty’s direction. Lets see what happens next week.
NIFTY TRADING RANGE
For up move 5300 – 5620
For down move 5300 – 5180
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For past nine weeks, nifty had elevated from one level to another level consistently. Previous week nifty marked a new year high coupled with an upside breakout. To my knowledge, two important news falls on next week. One is monetary policy and another is infosys quarterly results. This news and more would lead the market next week. As nifty had an upside breakout, FII’s had been buying continuously and would there be no negative news, then we may see nifty marking new highs.
Technically in the price chart a bullish pattern had formed and stays above 20 and 50 EMA. The crucial levels to be watched for next week trades are 5355, 5383 for up move and 5301, 5288 for down move. To my knowledge, next week, 5383 would be the significant level for nifty’s direction. Lets see what happens next week.
NIFTY TRADING RANGE
For up move 5300 – 5620
For down move 5300 – 5180
Thanks for visiting!
Friday, April 9, 2010
NIFTY THIS WEEK [05/04/10 – 09/04/10]
This week nifty closed higher than the previous week. Through out the week nifty traded in the 5300 – 5400 range. This week nifty’s open and low is almost same. In addition it had not traded in the previous week trading range through out the week. Thursday nifty had traded in red. May be due to profit booking I feel so. However, it had managed to close above 5301 level. In my understanding, there is a good demand around 5301 levels. In my perspective, nifty may see new highs going forward. To my knowledge, nifty this week had not only elevated from the previous trading range, but also sustained to trade in the new trading range.
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This week nifty closed higher than the previous week. Through out the week nifty traded in the 5300 – 5400 range. This week nifty’s open and low is almost same. In addition it had not traded in the previous week trading range through out the week. Thursday nifty had traded in red. May be due to profit booking I feel so. However, it had managed to close above 5301 level. In my understanding, there is a good demand around 5301 levels. In my perspective, nifty may see new highs going forward. To my knowledge, nifty this week had not only elevated from the previous trading range, but also sustained to trade in the new trading range.
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NIFTY TODAY
Today nifty ended in positive and closed just above the strong resistant 5355. In the first half of the day it had taken a good support around 5336 levels. In second half of the day it took good support around 5355 levels and strongly resisted around 5375 levels. FIIs were net buyers for 233.09 crores. DII’s were net sellers for 66.46 crores. Market breath was positive.
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Today nifty ended in positive and closed just above the strong resistant 5355. In the first half of the day it had taken a good support around 5336 levels. In second half of the day it took good support around 5355 levels and strongly resisted around 5375 levels. FIIs were net buyers for 233.09 crores. DII’s were net sellers for 66.46 crores. Market breath was positive.
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Thursday, April 8, 2010
NIFTY TODAY
Today nifty ended in red. It broke crucial supports 5355and 5327 and closed below this level. It had also touched this week low and closed just above this level. Volume was normal. FII’s buying significantly came down. They had bought only 62.2 crores. DII’s were net sellers for 93.62 crores.
NIFTY TOMORROW
As FII’s buying had came down, I feel nifty may trade in a tight range tomorrow. For tomorrow trade 5327 and 5355 levels would be the strong resistant for nifty and 5288 would be the strong support. Let’s watch what happens tomorrow.
NIFTY LEVELS
BUY ABOVE 5327 T1- 5355, T2- 5375. SL – 5301
SELL BELOW 5288 T1 – 5268, T3 – 5245. SL – 5301
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Today nifty ended in red. It broke crucial supports 5355and 5327 and closed below this level. It had also touched this week low and closed just above this level. Volume was normal. FII’s buying significantly came down. They had bought only 62.2 crores. DII’s were net sellers for 93.62 crores.
NIFTY TOMORROW
As FII’s buying had came down, I feel nifty may trade in a tight range tomorrow. For tomorrow trade 5327 and 5355 levels would be the strong resistant for nifty and 5288 would be the strong support. Let’s watch what happens tomorrow.
NIFTY LEVELS
BUY ABOVE 5327 T1- 5355, T2- 5375. SL – 5301
SELL BELOW 5288 T1 – 5268, T3 – 5245. SL – 5301
Thanks for visiting!
Wednesday, April 7, 2010
NIFTY TODAY
Today too nifty traded in a tight range and closed in positive bias. Nifty broke the resistant and support of the day and not able to sustain above or below these levels. In the first one hour trade, in nifty price chart, I observed a head and shoulders pattern and 5375 acted as its neckline. Furthermore, next couple of hours a rounding top had formed. Both are bearish patterns. Market breath was neutral with 26 advances and 24 declines. Volume had increased compared to previous day. FII’s were net buyers for 338.78 crores and again DII’s were turned net sellers for 23.43 crores. Technically an indecisive pattern had formed in the price chart.
NIFTY TOMORROW
For tomorrow trade 5375 levels should be watched carefully. This 5375 level acted as a good support for the first half of the day and then acted as a strong resistant for the second half of the day.
Last week nifty had been trading in the 5200 – 5300 levels. From the beginning of this week nifty had been trading in 5300 to 5400 levels. So the trading range had been elevated from 5200 – 5300 to 5300 – 5400 plane. As there is absence of any strong positive or negative cues in the domestic front, both bulls and bears are not ready to give up. Would any positive or negative news may push nifty to 5600 levels or to 5100 levels.
In my perspective, as the market breath was neutral and the way nifty behaved today, only I would be bullish, would nifty able to sustain above 5383 levels with good volume. Tomorrow too I expect a tight trading range.
NIFTY LEVELS
BUY ABOVE 5383 T1 – 5427, T2 – 5463, T3 – 5483. SL – 5368.
SELL BELOW 5355 T1 – 5301, T2 – 5280, T3 – 5245. SL – 5368
Pls visit http://subhastories.blogspot.com
Thanks for visiting!
Today too nifty traded in a tight range and closed in positive bias. Nifty broke the resistant and support of the day and not able to sustain above or below these levels. In the first one hour trade, in nifty price chart, I observed a head and shoulders pattern and 5375 acted as its neckline. Furthermore, next couple of hours a rounding top had formed. Both are bearish patterns. Market breath was neutral with 26 advances and 24 declines. Volume had increased compared to previous day. FII’s were net buyers for 338.78 crores and again DII’s were turned net sellers for 23.43 crores. Technically an indecisive pattern had formed in the price chart.
NIFTY TOMORROW
For tomorrow trade 5375 levels should be watched carefully. This 5375 level acted as a good support for the first half of the day and then acted as a strong resistant for the second half of the day.
Last week nifty had been trading in the 5200 – 5300 levels. From the beginning of this week nifty had been trading in 5300 to 5400 levels. So the trading range had been elevated from 5200 – 5300 to 5300 – 5400 plane. As there is absence of any strong positive or negative cues in the domestic front, both bulls and bears are not ready to give up. Would any positive or negative news may push nifty to 5600 levels or to 5100 levels.
In my perspective, as the market breath was neutral and the way nifty behaved today, only I would be bullish, would nifty able to sustain above 5383 levels with good volume. Tomorrow too I expect a tight trading range.
NIFTY LEVELS
BUY ABOVE 5383 T1 – 5427, T2 – 5463, T3 – 5483. SL – 5368.
SELL BELOW 5355 T1 – 5301, T2 – 5280, T3 – 5245. SL – 5368
Pls visit http://subhastories.blogspot.com
Thanks for visiting!
Tuesday, April 6, 2010
YESTERDAY CALL
BOMDYEING
Today too I was wrong! This stock had an upside close. Sl triggered.
NIFTY TODAY
All long day 5368 levels had acted as a gravity centre for nifty. Nifty traded in a tight range and had a negative close. It had strongly resisted at 5388 and had strong support at 5355 levels. Volume was increased compared to the past six trading session. May be profit booking had been taken place. Technically a stopping pattern had formed in the price chart. However, nifty still stays above 20, 50 EMA. Both FII’s and DII’s buying had came down comparing to their past purchases. FII’s had bought 261.7 crores and DII’s had bought 81.07 crores. This should not be left unnoticed.
NIFTY TOMORROW
As FII’s purchases had come down, in my perspective, we should be very cautious on higher levels. For tomorrow trade 5383 and 5355 levels are to be watched carefully. To my knowledge, as monetary policy and quarterly results are ahead, tomorrow too we may a see a tight range trade. Apparently infosys results may not be to the expectation due to the rupee appreciation, every rise in nifty should be traded with care.
NIFTY LEVELS
BUY ABOVE 5383 T1- 5427, T2 – 5463, T3 – 5483. SL – 5368
SELL BELOW 5355 T1 – 5301, T2 – 5280, T3 – 5245. SL – 5368
Pls visit http://subhastories.blogspot.com
Thanks for visiting!
BOMDYEING
Today too I was wrong! This stock had an upside close. Sl triggered.
NIFTY TODAY
All long day 5368 levels had acted as a gravity centre for nifty. Nifty traded in a tight range and had a negative close. It had strongly resisted at 5388 and had strong support at 5355 levels. Volume was increased compared to the past six trading session. May be profit booking had been taken place. Technically a stopping pattern had formed in the price chart. However, nifty still stays above 20, 50 EMA. Both FII’s and DII’s buying had came down comparing to their past purchases. FII’s had bought 261.7 crores and DII’s had bought 81.07 crores. This should not be left unnoticed.
NIFTY TOMORROW
As FII’s purchases had come down, in my perspective, we should be very cautious on higher levels. For tomorrow trade 5383 and 5355 levels are to be watched carefully. To my knowledge, as monetary policy and quarterly results are ahead, tomorrow too we may a see a tight range trade. Apparently infosys results may not be to the expectation due to the rupee appreciation, every rise in nifty should be traded with care.
NIFTY LEVELS
BUY ABOVE 5383 T1- 5427, T2 – 5463, T3 – 5483. SL – 5368
SELL BELOW 5355 T1 – 5301, T2 – 5280, T3 – 5245. SL – 5368
Pls visit http://subhastories.blogspot.com
Thanks for visiting!
Monday, April 5, 2010
YESTERDAY CALL
BOMFYEING
Today this stock traded in a tight range and had a down closing. Technically a stopping pattern had formed in the price chart. In addition, it had strong resistant around 563 levels. I expected a correction today in this stock and not happened. I was wrong.
NIFTY TODAY
Today nifty ended with marking new 52 weeks high. In addition it had also signaled an upside breakout. Market breath was good with 44 advances and 6 declines. FII’s were net buyers for 766.07 crores and DII’s also joined hands with buying for 403.33 crores. Volume was low which bothers. Technically in the price chart an upside breakout had happened. Today it was good day!
NIFTY TOMORROW
Technically in the price chart a breakout had happened and as FII’s were buying we may see an up move from here. Around 5280 levels nifty finds good support. There may be profit booking now and then, probably tomorrow or a day after tomorrow and we should be prepared for that. Today nifty had resisted strongly around 5380 levels, which should be watched for tomorrow trade. Today, till 2’0 clock nifty was trading around 5330 levels and then had a surge. So for tomorrow trade these levels have to be watched. Lets see how it pans out.
NIFTY LEVELS
BUY ABOVE - 5383 T1 – 5427, T2 - 5463, T3 - 5483. SL – 5368.
SEL BELOW – 5350, T1 – 5327, T2 – 5301. SL – 5368.
FREE CALL
BOMDYEING
Technically Still I expect a mild correction tomorrow in this stock. As a stopping pattern had formed in the price chart I feel we can sell this stock, this time, with a stop loss.
SELL BELOW - 555 T1 – 546, T2 – 538. SL – 563.
Pls visit http://subhastories.blogspot.com
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BOMFYEING
Today this stock traded in a tight range and had a down closing. Technically a stopping pattern had formed in the price chart. In addition, it had strong resistant around 563 levels. I expected a correction today in this stock and not happened. I was wrong.
NIFTY TODAY
Today nifty ended with marking new 52 weeks high. In addition it had also signaled an upside breakout. Market breath was good with 44 advances and 6 declines. FII’s were net buyers for 766.07 crores and DII’s also joined hands with buying for 403.33 crores. Volume was low which bothers. Technically in the price chart an upside breakout had happened. Today it was good day!
NIFTY TOMORROW
Technically in the price chart a breakout had happened and as FII’s were buying we may see an up move from here. Around 5280 levels nifty finds good support. There may be profit booking now and then, probably tomorrow or a day after tomorrow and we should be prepared for that. Today nifty had resisted strongly around 5380 levels, which should be watched for tomorrow trade. Today, till 2’0 clock nifty was trading around 5330 levels and then had a surge. So for tomorrow trade these levels have to be watched. Lets see how it pans out.
NIFTY LEVELS
BUY ABOVE - 5383 T1 – 5427, T2 - 5463, T3 - 5483. SL – 5368.
SEL BELOW – 5350, T1 – 5327, T2 – 5301. SL – 5368.
FREE CALL
BOMDYEING
Technically Still I expect a mild correction tomorrow in this stock. As a stopping pattern had formed in the price chart I feel we can sell this stock, this time, with a stop loss.
SELL BELOW - 555 T1 – 546, T2 – 538. SL – 563.
Pls visit http://subhastories.blogspot.com
Thanks for visiting!
Saturday, April 3, 2010
FREE CALLS
NIFTY
Technically in the price chart a bullish pattern had formed. For Monday’s trade I suggest a cautious buying above 5301 levels only would nifty goes up with good volume. Any negative news may trigger huge correction!
NIFTY LEVELS
BUY ABOVE – 5301 T1 – 5327, T2 - 5383, SL –¬ 5288.
SEL BELOW - 5288 T1 – 5260, T2 - 5245, SL - 5301.
BOMDYEING
Technically in the price chart a bearish pattern had formed. For past three trading sessions this stock had been trading around the 20 and 50 EMA. All through the week this stock had strongly resisted around 575 levels. For Monday’s trade, in my perspective, this stock may correct from current levels.
SELL BELOW - 555 T1 – 546, T2 – 538.
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NIFTY
Technically in the price chart a bullish pattern had formed. For Monday’s trade I suggest a cautious buying above 5301 levels only would nifty goes up with good volume. Any negative news may trigger huge correction!
NIFTY LEVELS
BUY ABOVE – 5301 T1 – 5327, T2 - 5383, SL –¬ 5288.
SEL BELOW - 5288 T1 – 5260, T2 - 5245, SL - 5301.
BOMDYEING
Technically in the price chart a bearish pattern had formed. For past three trading sessions this stock had been trading around the 20 and 50 EMA. All through the week this stock had strongly resisted around 575 levels. For Monday’s trade, in my perspective, this stock may correct from current levels.
SELL BELOW - 555 T1 – 546, T2 – 538.
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Friday, April 2, 2010
NIFTY NEXT WEEK [05/04/10 - 09/04/10 ]
Monetary policy and corporate results would lead the market from here. Past two weeks nifty traded in a tight range. For next week I feel again it may trade in a tight range or a break out may happen on either side based on FII’s buying or selling. To my knowledge for next week any long position should be taken based on the FII’s buying only. Would nifty closes above the crucial 5330 levels with good volume, on any day, then an upside breakout is highly possible. In addition any heavy weights below expectation results may trigger a steep correction too. The 5220 is a crucial support level to be watched for the next week trade. I have misgiving on the upside breakout of nifty because of a sudden drop in the FII’s buying on Thursday. Let’s see what happens next week.
NIFTY TRADING RANGE.
For upside breakout 5220 - 5570
For downside breakout 5330 – 4860
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Monetary policy and corporate results would lead the market from here. Past two weeks nifty traded in a tight range. For next week I feel again it may trade in a tight range or a break out may happen on either side based on FII’s buying or selling. To my knowledge for next week any long position should be taken based on the FII’s buying only. Would nifty closes above the crucial 5330 levels with good volume, on any day, then an upside breakout is highly possible. In addition any heavy weights below expectation results may trigger a steep correction too. The 5220 is a crucial support level to be watched for the next week trade. I have misgiving on the upside breakout of nifty because of a sudden drop in the FII’s buying on Thursday. Let’s see what happens next week.
NIFTY TRADING RANGE.
For upside breakout 5220 - 5570
For downside breakout 5330 – 4860
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NIFTY THIS WEEK [ 29/03/10 – 01/04/10 ]
Nifty traded in tight range. This week too nifty had closed higher than the previous close. Volume was almost same as last week. For past 8 weeks nifty had been trading in a positive region. Technically a doji has formed in the price chart. Still stays above the 20 and 50 EMA. FII’s were this week too remained net buyers. However in the last trading day their purchase had gone down significantly. DII’s, who remained net sellers continuously from the beginning of march, had bought for couple of days on this week, which is a positive one. All through the week nifty had good support at 5220 and 5300 as a strong resistant. I had expected a break out this week, which had not happened!
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Nifty traded in tight range. This week too nifty had closed higher than the previous close. Volume was almost same as last week. For past 8 weeks nifty had been trading in a positive region. Technically a doji has formed in the price chart. Still stays above the 20 and 50 EMA. FII’s were this week too remained net buyers. However in the last trading day their purchase had gone down significantly. DII’s, who remained net sellers continuously from the beginning of march, had bought for couple of days on this week, which is a positive one. All through the week nifty had good support at 5220 and 5300 as a strong resistant. I had expected a break out this week, which had not happened!
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Thursday, April 1, 2010
NIFTY TODAY
Today too nifty traded in a tight range and ended positive. Volume was not good. FII’s were net buyers for 106.4 crores which are very low compared to their previous purchase. In addition DII’s too turned net buyers for 452.33 crores. Which is encouraging? Today too nifty had resisted at 5293 levels very strongly. It managed to close above the 5288 levels which is an important resistant. In my view as FII’s buying had decreased we should be very careful on every rise.
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Today too nifty traded in a tight range and ended positive. Volume was not good. FII’s were net buyers for 106.4 crores which are very low compared to their previous purchase. In addition DII’s too turned net buyers for 452.33 crores. Which is encouraging? Today too nifty had resisted at 5293 levels very strongly. It managed to close above the 5288 levels which is an important resistant. In my view as FII’s buying had decreased we should be very careful on every rise.
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